During meeting, the DC said
price control magistrates checked 2,264 shops out of which 581 shopkeepers were found selling commodities on high rates.
As a result, they have not been able to acquaint themselves with the laws and rules they need to know to perform their duties as
price control magistrates.
Therefore Ofgem said it is seeking initial views from all stakeholders on issues such as the length of the
price control, the approach to setting the cost of capital and the role of electricity distribution networks in enabling the low carbon transition more generally.
He said that
price control will be directly monitored from markets through PITB vans which have also been directed to provide necessary help to the line departments in this regard.
He also directed to keep active
price control magistrates for the monitoring of the prices of daily use items.
'The Giant management were able to show me several consumer goods (listed in the Festive Season
Price Control Scheme), and I found out that the items with set ceiling prices were compliant.
According to the decision, the
price control committee would have eight members, four each from the administration and the traders' bodies.
An increasing number of 'life-saving' medicines like the ones meant for treating cancer as well as medical devices are being brought under the ambit of
price control. Presently, the government has capped the prices of 855 medicines, according to reports quoting chemicals ministry officials.
"But rather than wait for the next
price control to be in place, firms which haven't already should return these unjustified profits to consumers as a matter of priority."
UK households are overpaying for their electricity following Ofgem-set
price controls that have resulted in excess profits for distribution companies, a charity has said.
A spokesman of the city district government said here Monday that
price control magistrates paid surprise visits to various markets, eatery shops, hotels and restaurants in Faisalabad and checked quality and sale of daily use items at 429 points.
Hours after Varela's victory was announced, he pledged to impose
price controls on 22 basic foodstuffs including meat, rice, meat, and eggs, which is expected to help consumers save US$58 a month, but critics have remarked that it is ironic that a conservative, market-friendly candidate should resort to measures commonly associated with leftwing governments such as that of Venezuela.
